Inheritance rights of women are determined by personal laws they follow and other factos. This varies depending on religion, religious school followed and which part of the country she comes from.

Is it more beneficial to register an immovable property on a woman’s name?

Last updated on Jun 7, 2022

Yes, it is more beneficial to register an immovable property on a woman’s name, as many states and banks have introduced financial benefits for women buying property. As a result, buying property in a woman’s name can bring many advantages such as:

  • Lower stamp duty rates: States like Delhi1, Haryana2, Rajasthan3 and Uttarakhand4 have lower stamp duty rates for women buyers or for joint buyers, as compared to sole male buyers.
  • Reduced home loan rates: Many banks and financial institutions offer loans at discounted interest rates for women buyers. The specifics can be found on the banks’ official websites.
  • Tax Exemptions: Women homeowners are eligible for tax deductions on interest paid towards home loans. Women are also eligible for other tax benefits.5
  1. More information available at: http://fs.delhigovt.nic.in/wps/wcm/connect/doit_revenue/Revenue/Home/Services/Property+Registration[]
  2. Stamp Duty can be calculated at https://jamabandi.nic.in/StampDuty by entering the gender of the owner and the stamp duty for women is 5% of the total value of the property and for men, it is 7%[]
  3. Detailed information available at https://igrs.rajasthan.gov.in/writereaddata/Portal/Images/fees_new.pdf[]
  4. More information available at:  https://registration.uk.gov.in/files/Stamps_and_Registration_-_Stamp_Fees__Regn_Fess.pdf[]
  5. More information on the benefits available to women homebuyers available at: https://blog.ipleaders.in/benefits-women-home-buyers-india/[]

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